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No. 228 January 6, i960 NATIONAL ASSOCIATION AND COUNCIL OF
Bu s i n e s s Schools
Twenty Four Hundred Sixteenth Street, N. W. Washington, D. C.
REAL AND PERSONAL PROPERTY TAXES BECOME PROBLEMS FOR PRIVATE BUSINESS SCHOOLS
Background
It appears that there is a growing trend in the states to tax the real prop-erty, machinery, equipment, fixtures and furniture of private business schools, Although in many states schools have enjoyed exemption from these taxes, states are looking more and more to taxing private business schools as an additional source of income.
At the last session of the legislature in North Carolina, a bill was passed outlining an exemption for libraries, schools and colleges as being exempt from taxation with one exception, which reads as follows:
"That the exemption of this subsection shall not apply to any institution organized or operated for profit, or if ary officer, shareholder, member, or employee thereof, or other individual shall be entitled to receive any pecuniary profit from the oper-ation thereof, except reasonable compensation for services."
Purpose of Bulletin
The purpose of this bulletin is to determine the status of the laws in your state on real and personal property taxation of private business schools. In addition, we seem to recall in the past that some of our schools were able to get tax laws declared unconstitutional which unjustly discriminate against proprietary business schools.
It would be helpful to our members in North Carolina to secure the informa-tion on the enclosed questionnaire. In addition, it would put NACBS in a better position to advise member schools as to the possibilities of securing exemptions irom property taxes or the possibility of these laws being unconstitutional.
Return your questionnaire as soon as possible to the above address - no later than January 20.
PLEASE REMEMBER ONLY BY YOUR COOPERATION CAN NACBS BE IN A POSITION TO HELP OUR MEMBER SCHOOLS THROUGHOUT THE COUNTRY. ^mLP
ROBERT W. SNEDEN, President
Bu etn
NOTE: We are particularly interested in citations and copies of case decisions irom the highest courts in your state bearing on this issue.

Accrediting Council for Independent Colleges and Schools (ACICS). All rights reserved.

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No. 228 January 6, i960 NATIONAL ASSOCIATION AND COUNCIL OF
Bu s i n e s s Schools
Twenty Four Hundred Sixteenth Street, N. W. Washington, D. C.
REAL AND PERSONAL PROPERTY TAXES BECOME PROBLEMS FOR PRIVATE BUSINESS SCHOOLS
Background
It appears that there is a growing trend in the states to tax the real prop-erty, machinery, equipment, fixtures and furniture of private business schools, Although in many states schools have enjoyed exemption from these taxes, states are looking more and more to taxing private business schools as an additional source of income.
At the last session of the legislature in North Carolina, a bill was passed outlining an exemption for libraries, schools and colleges as being exempt from taxation with one exception, which reads as follows:
"That the exemption of this subsection shall not apply to any institution organized or operated for profit, or if ary officer, shareholder, member, or employee thereof, or other individual shall be entitled to receive any pecuniary profit from the oper-ation thereof, except reasonable compensation for services."
Purpose of Bulletin
The purpose of this bulletin is to determine the status of the laws in your state on real and personal property taxation of private business schools. In addition, we seem to recall in the past that some of our schools were able to get tax laws declared unconstitutional which unjustly discriminate against proprietary business schools.
It would be helpful to our members in North Carolina to secure the informa-tion on the enclosed questionnaire. In addition, it would put NACBS in a better position to advise member schools as to the possibilities of securing exemptions irom property taxes or the possibility of these laws being unconstitutional.
Return your questionnaire as soon as possible to the above address - no later than January 20.
PLEASE REMEMBER ONLY BY YOUR COOPERATION CAN NACBS BE IN A POSITION TO HELP OUR MEMBER SCHOOLS THROUGHOUT THE COUNTRY. ^mLP
ROBERT W. SNEDEN, President
Bu etn
NOTE: We are particularly interested in citations and copies of case decisions irom the highest courts in your state bearing on this issue.